DigiByte (DGB) faces a steep drop as sentiment in the market slows

DigiByte (DGB) faces a steep drop as sentiment in the market slows
фото показано с : coinjournal.net

2022-5-31 00:31

DigiByte (DGB) has seen a decent change in trend over the last 24 hours. The coin has managed to see double-digit gains but despite this, there are still a lot of downsides to keep in mind. The coin is in fact staring at a steep drop. More on this later but first, here are some highlights.

DGB remains in a bearish long term trend despite recent rallies

The coin has however tried to consolidate as it tries to find demand

But is unlikely to maintain this momentum for long

Data Source: TradingView 

DigiByte (DGB) Price analysis and prediction

The new week appears to have brought new life for DigiByte (DGB). The coin has managed to gain around 10% over the last 24 hours and looks to be consolidating. However, as we have seen in the past few weeks, most rallies in crypto these days don’t last. In fact, it is likely that the current uptrend on DGB is driven by short-term traders. 

As soon as the coin hits a decent enough price, investors will lock in profit and as a result, DGB will flatten. We expect the current uptrend to continue for a few days. However. DGB will likely get rejected at the $0.016 resistance zone. This will lead to a sharp fall that takes the coin closer to $0.01. 

However, if bulls can somehow manage to push DGB above $0.016, then more upside could follow.

Should you buy DigiByte (DGB)

If you plan to buy and hold DigiByte (DGB) for a short time, then you can buy now. The coin will trend upwards for a few days before it retreats at $0.016 or thereabout. 

As for long-term investors, DigiByte (DGB) is already heavily discounted as we speak. There is a real chance to unlock its full value in a few months or so.

The post DigiByte (DGB) faces a steep drop as sentiment in the market slows appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

DigiByte (DGB) на Currencies.ru

$ 0.0116045 (+0.19%)
Объем 24H $18.688m
Изменеия 24h: 2.43 %, 7d: -26.14 %
Cегодня L: $0.0115111 - H: $0.0117104
Капитализация $202.323m Rank 294
Цена в час новости $ 0.0127286 (-8.83%)

digibyte dgb slows sentiment market steep faces

digibyte dgb → Результатов: 126


Binance объявила о листинге DigiByte

Биржа Binance сегодня анонсировала листинг криптовалюты DigiByte и контрактов на Kyber Network. DigiByte станет доступен для торгов в парах DGB/BTC, DGB/BNB и DGB/BUSD сегодня в 17:00 МСК. Пользователи уже могут вносить депозиты в ожидании начала торгов.

2020-6-22 15:27


DigiByte [DGB]: Nationwide Merchant Solutions sets up DGB payments for businesses and merchants

The partnership between DigiByte and Block 30 labs last month at the DigiByte Global summit resulted in benefits to both the cryptocurrency and the decentralised block token provider. Both proponents in the partnership intend to scale the adaptability of blockchain technology and are working towards complimenting each other while doing so.

2019-5-24 19:30


DigiByte (DGB) Technical Analysis #001 – DGB Sitting on 100 Day Moving Average Support

DigiByte has experienced a 4.38% drop over the past 24 hours of trading. The cryptocurrency is currently trading at $0.0354 and has suffered a further 10.11% over the last 7 trading days. DigiByte was founded in January 2014 by Jared Tate and has experienced incredible technical growth over its 4 and a half year life […] The post DigiByte (DGB) Technical Analysis #001 – DGB Sitting on 100 Day Moving Average Support appeared first on ZyCrypto.

2018-8-3 00:51


Фото:

Как Digibyte обошёл лайткоин, но инвесторы этого не заметили

Альткоин Digibyte (DGB) на проведённых недавно испытаниях показал, что обладает большим технологическим потенциалом. Что, увы, не трансформируется в полной мере в рыночные показатели этой криптомонеты.

2018-7-12 11:26